TITLE 74: PUBLIC FINANCE
CHAPTER VIII: ILLINOIS FINANCE AUTHORITY
PART 1100 ILLINOIS FINANCE AUTHORITY
SECTION 1100.335 SOURCE OF PAYMENT AND NATURE OF OBLIGATION


 

Section 1100.335  Source of Payment and Nature of Obligation

 

The principal and interest on the bond is a limited obligation payable solely out of the revenues derived from the governmental unit and the underlying collateral or other security furnished by or on behalf of the governmental unit.

 

(Source:  Recodified from 47 Ill. Adm. Code 410.108 at 31 Ill. Reg. 12104)